BSE's expansion, NSE's foray give a fillip to agri futures market

The country’s two major equity trading exchanges have new plans for derivatives trading in agricultural commodities.

Last October, the BSE and the National Stock Exchange (NSE) had entered the commodity derivatives space. BSE has launched futures trade in cotton and guar seed/gum. It has now proposed to the regulator that it be allowed to begin futures trade in turmeric and castor seed. 

And, the NSE is now prepared to launch a few agri segment contracts “in commodities not currently traded on any of the futures exchanges in India” said its spokesperson, while declining to name these products.  It is yet